Quote Originally Posted by Bojangles69 View Post
It depends on how *decent the amount is.

I always say save up till its more then decent and do anything in real estate.

I'm mean shit, my brother owned property (forget what town but by the water)
Had 2 people living there, he was making a great profit every month just for rent, then he sold the place 2 years later and made $38,000 profit just on the sale. (as a nonprimary income)
I don't remember him doing much of anything in terms of maintenence either.

We're both looking at a run down place right now, are gonna fix it up and do the same thing. Rent it out, then sell it for a profit. THe only reason we can pull it off it because 2 people in my close family are realtors, and the majority of the rest are carpenters, plumbers, construction, electrical.
So the resources are everywhere.

But if you can find the right resources I recommend that w/out a doubt. Even in the current shitty economy its a great investment.

I own 5 investment properties and a construction company. I have many relationships with people in other trades.

If it was as easy as you describe it, everyone would be a property investor. The market is weak right now, for the most part, it's the worse it has ever been. Properties are actually DECREASING in value.

If you are looking for short term investments.....steer way clear of real estate.

Long term, as property values are dropping, the market is flooded with forclosures, it's great. But you are not going to make much money over a few years with it.